Companies' Reliance On It Managed Services Increases In 2023, Sector Valued At US$472 Billion Globally
Cisco News, Wednesday, September 27,2023
IT channel partners selling managed services are poised for robust growth in 2023, with a new forecast predicting global expansion of 12.7 percent, up from US$419 billion in 2022.
Findings from a global study commissioned by Cisco (NASDAQ: CSCO) and conducted by Canalys, reveal that IT channel partners focusing on managed services are expected to see significant growth in 2023. Despite global economic uncertainty, the projected outlook for managed services indicates a worldwide growth of 12.7 percent, reaching a total value of US$472 billion. This growth surpasses the estimated 3.5 percent growth in overall IT spending.